Graphic via Libertymanics/Zazzle
Well, he broke his no-middle-class-tax-hike pledge more than a year ago with the passage of the massive S-CHIP expansion funded with regressive skyrocketing tobacco tax increases. But never mind the pesky little details. President Obama now wants you to know he’s “agnostic” on breaking that pledge (again). This time, he’ll just blame it on the sham deficit commission he wants to set up as fall guys.
President Barack Obama said he is “agnostic” about raising taxes on households making less than $250,000 as part of a broad effort to rein in the budget deficit.
Obama, in a Feb. 9 Oval Office interview, said that a presidential commission on the budget needs to consider all options for reducing the deficit, including tax increases and cuts in spending on entitlement programs such as Social Security and Medicare.
“The whole point of it is to make sure that all ideas are on the table,” the president said in the interview with Bloomberg BusinessWeek, which will appear on newsstands Friday. “So what I want to do is to be completely agnostic, in terms of solutions.”
Obama repeatedly vowed during the 2008 presidential election campaign that he would not raise taxes on individuals making less than $200,000 and households earning less than $250,000 a year. When senior White House economic adviser Lawrence H. Summers and Treasury Secretary Timothy F. Geithner suggested in August that the administration might be open to going back on that pledge, White House press secretary Robert Gibbs quickly reiterated the president’s promise.
In the interview, Obama said that putting preconditions on the agenda of a bipartisan advisory commission, which he said he would soon establish, would just undermine its purpose.
“What I can’t do is to set the thing up where a whole bunch of things are off the table,” Obama said. “Some would say we can’t look at entitlements. There are going to be some that say we can’t look at taxes, and pretty soon, you just can’t solve the problem.”
Read Obama’s lips: Don’t believe anything that passes his lips.
Thanks for the advice, Captain Obvious!
April 26, 2015 10:47 AM by Doug Powers
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